25 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss pharmaceutical and luxury goods giants pulled the Swiss Market Index (SMI) down again this week as investors dropped large cap firms. Global stocks however continued to rise, along with energy prices, on the promise of Trump’s reflationary administration. The US dollar […]
European break up now looks more likely, says Blond
Brought to you by Investec Switzerland. If there’s one country with reason to resent the rise of populist movements, it’s Switzerland. Twenty-two months after it abandoned its 1.20-per-euro exchange-rate cap, the Swiss National Bank still finds the franc in focus every time there’s a major event that threatens to upset markets. Donald Trump’s ascendancy to […]
SMI down as investors eye the US election
4 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to finish the week notably lower as investors continue to dump equities amid worries about the implications of next week’s US election, the trajectory of interest rates and mixed corporate earnings. Until a week ago the market […]
UBS reports drop in wealth profit as Ermotti lowers costs
Brought to you by Investec Switzerland. UBS Group AG Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading. Pretax profit rose 11 percent to 877 million Swiss francs ($883 million) from 788 million francs a […]
Pharma giants drag SMI stocks down
28 October 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. A weak performance from Swiss pharma giants pulled the Swiss Market Index down again this week after investors dropped stocks in the sector on lackluster earnings reports. The peripheral European stocks and Japan managed to buck the trend this week, global stock markets […]
Syngenta slumps on concern of protracted ChemChina EU review
Brought to you by Investec Switzerland. Syngenta AG shares tumbled on concern that China National Chemical Corp.’s $43 billion takeover of the Swiss herbicide and pesticide maker risks regulatory delays in the European Union. ChemChina didn’t submit so-called remedies in the EU’s early-stage review of the deal by the Oct. 21 deadline, the European Commission’s […]
SMI underperforms global stocks
21 October 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week largely unchanged while global stocks gain on positive US third quarter earnings results, favourable central bank statements and a rallying oil price. The S&P 500 saw its biggest advance since September on Wednesday […]
Global stocks at lowest levels since July
14 October 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week lower, but outperforming global stocks, thanks to a strong week of luxury good stocks. Global stocks fell to their lowest levels since July on Thursday as investors rushed to the safety of government bonds, […]
Stocks fluctuated this week on central bank statements
7 October 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week mainly unchanged, outperforming global stocks modestly while markets fluctuated on speculation that the US Fed will increase interest-rate later this year. Global equity markets oscillated this week while the dollar strengthened, […]
Swiss stocks slump on Deutsche Bank trouble
30 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably lower, underperforming global stocks, as financial sector stocks sell off on questions over Deutsche Bank’s solvency. Global equities edged lower this week with European financials among the biggest losers after […]
